NZDJPY - Awaiting Breakout Bullish Flag Pattern
Hi Guys,
NZDJPY is forming a perfect bullish flag pattern and we are expecting a breakout soon, once that happens on valid breakout we will be initiating long positions in NZDJPY. Sometimes there may be false breakouts, so be careful..even while I'm typing this price is teasing the upper trendline. There are 2 ways by which breakout can happen 1) retest lower trendline take support move up or (2) Breakout happens directly in coming few hours.
So lets check our risk-rewards and order entry with stops n exits to trade NZDJPY.
Hit Likes if you agree... Thanks for your support...
Happy Trading !!
NZDJPY is forming a perfect bullish flag pattern and we are expecting a breakout soon, once that happens on valid breakout we will be initiating long positions in NZDJPY. Sometimes there may be false breakouts, so be careful..even while I'm typing this price is teasing the upper trendline. There are 2 ways by which breakout can happen 1) retest lower trendline take support move up or (2) Breakout happens directly in coming few hours.
So lets check our risk-rewards and order entry with stops n exits to trade NZDJPY.
Hit Likes if you agree... Thanks for your support...
Happy Trading !!
Trade active:
As we predicted price retested the downward trendline and now its about to breakout. So now we are bullish on NZDJPY
